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20130318
20130326
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. will cyprus silent the bulls or will the optimistic rally continue as i believe it will? we have bob dole. we welcome back joe lavorgna and cnbc contributor larry mcdonald, head of global strategy at new edge. bob, i home you heard the charles dallara interview. he was more concerned about the consequences of this than i might have thought. concerned about a next run on the bank. concerned the greek central bank can't bail out cyprus or the ecb may not have a mandate. what is your thinking about this? >> that was a great segment. confiscation and confidence were the two key words. we know we have the possibility my 100 cents are not 100 any more that. undermines confidence and risk assets need confidence to improve. that's the sticking point we had carnage in europe, in asia. the u.s. was muted because the economy in the u.s. is pretty good and because it's still viewed as a safe haven. look what happened to the dollar. we can't continue to have question marks about confidence in an area of the world that's fragile and expect risk asset rallies including equity market to rally. >> european ba
two distinguished senators, a demonstrate from new hampshire and bob corker, republican from tennessee. senator sheen, let me begin with you. what do i see here? you took out the sequester. that's out of this new budget and put in another trillion dollar tax hike which my friend jech sessions says it's really lie 1.5 trillion. i don't see this as a gat vote or any good for the economy either. >> well, i think you're wrong. the fact is taking out the sequester is one of the best things that the budget does. in new hampshire we're already seeing the impacts of that sequester. our second largest city will have the tower closed because of the sequester. it's one of the busiest aviation airports in new england. we're seeing workers at our naval shipyard who will be furloughed and small businesses all across new hampshire who are being affected by that. you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we ne
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